SSL AWARDED DARPA CONTRACT TO STUDY ON-ORBIT SATELLITE ASSEMBLY

PALO ALTO, Calif. – August 26, 2015 — Space Systems/Loral, LLC (SSL), a leading provider of commercial satellites, today announced it was awarded a contract from the U.S. Defense Advanced Research Projects Agency (DARPA) to study on-orbit robotic assembly of geostationary communications satellites. Called Dragonfly, the program is designed to enable larger and more powerful satellites that cannot be launched fully assembled, to be packaged in pieces within a standard launch vehicle fairing.

“The Dragonfly program gives SSL the opportunity to demonstrate our advanced robotics capabilities with a mission that has the potential to transform the way satellites are built,” said John Celli, president of SSL. “SSL has a track record of partnering with DARPA on cost-effective developments that leverage commercial practices and apply to both military and commercial use.”

As one of the world’s most prolific manufacturers of geostationary communications satellites, SSL brings a wealth of expertise to the Dragonfly study including heritage robotics. The Dragonfly concept, which is designed to have both military and commercial applications, is for satellites to self-assemble from an efficiently stowed state while in orbit with a focus on the installation and reconfiguration of large radio frequency (RF) antenna reflectors.

The study is scheduled for a five-month first phase during which SSL will seek to demonstrate how assembling satellites on orbit could lower satellite cost and mass, while at the same time enabling higher satellite performance. SSL is planning to further develop on-orbit satellite assembly capability and as part of this effort, has submitted a proposal to NASA for collaboration on taking the concept to a ground demonstration followed by a flight application.

About SSL
Space Systems/Loral (SSL) is a leading provider of commercial satellites with broad expertise to support satellite operators and innovative space related missions. The company designs and manufactures spacecraft for services such as direct-to-home television, video content distribution, broadband Internet, mobile communications, and Earth observation. As a Silicon Valley innovator for more than 50 years, SSL’s advanced product line also includes state-of-the-art small satellites, and sophisticated robotics and automation solutions for remote operations. For more information, visit www.sslmda.com.

Forward-Looking Statements

This news release contains forward-looking statements and information, which reflect the current view of Space Systems/Loral (SSL) with respect to future events and financial performance. When used in this news release, the words “believes”, “expects”, “plans”, “may”, “will”, “would”, “could”, “should”, “anticipates”, “estimates”, “project”, “intend” or “outlook” or other variations of these words or other similar expressions are intended to identify forward-looking statements and information. Actual results may differ materially from the expectations expressed or implied in the forward-looking statements as a result of known and unknown risks and uncertainties. Known risks and uncertainties include but are not limited to: risks associated with operating satellites and providing satellite services, including satellite construction or launch delays, launch failures, in-orbit failures or impaired satellite performance; risks associated with satellite manufacturing, including competition, cyclicality of SSL’s end-user markets, contractual risks, creditworthiness of customers, performance of suppliers and management of SSL’s factory and personnel; risk associated with financial factors such as volatility in exchange rates, increases in interest rates, restrictions on access to capital, and swings in global financial markets; risks associated with domestic and foreign government regulation, including export controls and economic sanctions; and other risks, including litigation. The foregoing list of important factors is not exhaustive. The information contained in this news release reflects SSL’s beliefs, assumptions, intentions, plans and expectations as of the date of this news release. Except as required by law, SSL disclaims any obligation or undertaking to update or revise the information herein.